VANCOUVER, Aug. 11 /CNW/ - Grande Portage Resources Ltd. (TSX-V GPG)
("Grande Portage" or "the Company") is pleased to announce the start of its
drill program at the Pass Property near Smithers, B.C.
The program commenced on August 9, 2008 and the first hole, PAS-08-01,
was completed to a final depth of 63.4 metres. The hole intersected a rusty
stained, pyrite-bearing quartz vein from 44.35 metres to 45.11 metres. From
45.11-48.16 is a footwall zone of quartz stringer veinlets that are sulphide
bearing and the host granodiorite contains 2-4% disseminated pyrite. Hole
PAS-08-02 will test the same vein system down dip. The intervals reported
above are core lengths, not true widths. Sample analysis will be undertaken by
ALS Chemex at their facility in North Vancouver, BC.
The Company plans to drill approximately 40-50 holes as a follow up to
its 2007 program where 44 rock grab samples were collected from old trenches
hosting quartz-sulphide bearing veins. All of the samples reported gold, to a
high of 72.95 g/t.
Of the 44 samples collected 13 reported in excess of 5.0 g/t gold
including 6 samples exceeding 20 g/t gold. Silver values were consistently
anomalous with 6 samples reporting in excess of 100 g/t silver, to a high of
365 g/t silver. Copper, lead and zinc were similarly anomalous with highs of
11.13% copper, 29.0% lead and 20.14% zinc.
The Company will issue further updates during the drill program as
Wes Raven, P. Geo., is the qualified person for this project and has
reviewed and verified the contents of this news release.
About Grande Portage Resources Ltd.
Grande Portage Resources Ltd. is a mineral exploration and development
company focused on massive sulphide exploration in British Columbia. Grande
Portage is operated by experienced managers and professionals who have been
effective in discovery, mine development, and mining operations throughout
North and South America, Africa, Europe, and Central Asia. The Company is well
financed with no long term debt. More information is available online at
ON BEHALF OF THE BOARD OF DIRECTORS
Alistair MacLennan, Chairman
Statements about the Company's future expectations and all other
statements in this press release other than historical facts are "forward
looking statements". Such forward-looking statements are based on numerous
assumptions, and involve known and unknown risks, uncertainties and other
factors, including risks inherent in mineral exploration and development,
which may cause the actual results, performance, or achievements of the
Company to be materially different from any projected future results,
performance, or achievements expressed or implied by such forward-looking
THE TSX VENTURE EXCHANGE HAS NOT REVIEWED AND DOES NOT ACCEPT
RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THE CONTENT OF THIS NEWS
For further information:
For further information: Mr. Ian Klassen, Phone: (604) 290-5762, Email:
email@example.com, Website: www.grandeportage.com